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Definitions

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.

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April 22, 2015 at 11:12 am #242166
Ammar
Member
- Topics: 12
- Replies: 14
Can i please have a clear definition of a specific tax and a ad valorem tax?
April 22, 2015 at 11:26 am #242170
Ken Garrett
Keymaster
- Topics: 10
- Replies: 10534
As valorum: based on value. Eg in the UK sales tax is 20% of sales value
Specific tax: based on units. Eg £4 tax on a pack of cigarettes.
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